Comments on: Lead and zinc spot prices rise despite market crash http://leadinvestingnews.com/140-lead-and-zinc-spot-prices-rise-despite-market-crash.html Objective News for Lead mining, exploration, and Lead industry investing Thu, 15 Jul 2010 03:28:04 -0500 http://wordpress.org/?v=2.8.5.2 hourly 1 By: David Phillips http://leadinvestingnews.com/140-lead-and-zinc-spot-prices-rise-despite-market-crash.html/comment-page-1#comment-21 David Phillips Tue, 23 Sep 2008 11:52:34 +0000 http://www.leadinvestingnews.com/?p=140#comment-21 This is an interesting article considering the long term demand for base metals from the BRIC economies, particularly China. I looked at the data from the World Bureau for Metal Statistics and it seems that only for the massive demand from China that prices would now be lower. Interesting to note that Rio Tinto, in a recent seminar entitled "Value and Growth" pointed to strong demand for their main three products, copper, aluminium and iron ore, over the next decade and beyond, due to urbanisation in China. The report said that rates of urbanisation were likely to be higher than overall GDP growth in China. You say that zinc mines are closing. Well, I would imagine that say 12 months fom now,there will be a shortage as inventories are run down, and then there will be a price surge in the metal. This is an interesting article considering the long term demand for base metals from the BRIC economies, particularly China.

I looked at the data from the World Bureau for Metal Statistics and it seems that only for the massive demand from China that prices would now be lower.

Interesting to note that Rio Tinto, in a recent seminar entitled “Value and Growth” pointed to strong demand for their main three products, copper, aluminium and iron ore, over the next decade and beyond, due to urbanisation in China.

The report said that rates of urbanisation were likely to be higher than overall GDP growth in China.

You say that zinc mines are closing. Well, I would imagine that say 12 months fom now,there will be a shortage as inventories are run down, and then there will be a price surge in the metal.

]]>